my car payment is set up like a credit card i think. paying off early does me no good. it is through CItizen’s automobile finance
pay off debt to avoid paying any interest at all. Take money you WOULD have spent on your bills plus a little more and put it in a savings account and dont touch it. Watch it build until you are ready to get a house.
If you can put $500/month into an account, you’ll have $6,000 saved in a year which is plenty down payment for a house. Plus when you finally have a mortgage to pay, you wont have to worry about a CC and car payment sapping up your monthly income. You arent looking to put money away to buy a house in 10 years, you’re gonna want to do it soon so nothing is really gonna give you much of a return in a year. The best “return” you can get is not having to spend it on interest. As Ben Franklin so wisely noted, “a penny saved is a penny earned”.
im really thinking about doing the car and credit card payoff and putting $300-$400 a paycheck into a savings account.
Should leave me PLENTY to live decently off while still at home
Darkstar FTW!
thats what i say
also remember your time at the job. wait to your at the job over a year before stepping into a house payment. pay off bills and save